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Search Results 0 to 15 of about 16 (some duplicates have been removed)
think the world will look like. it's fascinating. it shows china on the rise, the west in decline and china overtaking the united states in size of economy by the year 2030. here are the key findings of the new intel report. it's interesting reading. a majority of the world's population by 2030 will be out of poverty for the first time in world history. there will be wars over food and water and natural resores. populations will continue to rise and there will be recurring global economic crises but when you think about this, you think about how far we're going here. you've got asia, china in particular will be dominant. it will be stronger than its been anytime since middleages. there will be no more pax americana as its known. china will be a big driver and india will be growing like china is today. they talk about how the world is changing. it's like no other time since the french revolution. remember in the late 18th century, the industrial revolution, except it's happening more quickly. it's taking a tenth of the time for china and asia to rise quickly. let me read to you som
. export orders, a sign of weakness there and in china and in some of the pmi figures that we got across europe. so the theme that is emerging, while germany even showed some signs perhaps of strength in its service sector, there's still concern about global growth prospects. for that reason, all the more reason why perhaps it's important for policymakers to be proactive, including mario draghi. back over to you guys. >> thank you for that. who is going to be the squawk perpendicular of the year, joe? >> you mean if we pick one? >> if we pick one. >> we have to pick one that's not obvious. >> like mcafee, maybe. i had an opportunity to pick business person of the year and i picked richard scrusi. it's so hard to find an honest cfo. remember the guy that helped out? i think he was on his way up the river or something. you have to pick it so there's an edge to it. >> like leo apatae or something like that. >> no, like mcafee. i didn't mention that, but he may get the squawk person of the year award today. it depends on how he answers your probing -- your father was a litigator, right? >> t
.n. security council. it's likely china will try to water down those provisions but it's also certain that the provisions will pass. >> you don't think china will try to veto it? >> i don't think they will veto it. they don't want north korea doing this. >> china is the only ally that they really have. i wonder, do you think it's possible they didn't inform china in advance of the timing of this launch? >> it's possible they did not. people now suspect that the information that we had that north korea was moving its rocket, something was wrong with it, was it an intentional deceptive move? they thought there would be attempts to shoot it down. they wanted to fool japan. they succeeded. >> and it certainly does strengthen the new young leader kim jong-un domestically. >> absolutely. they have been trying since 1998 to launch a long-range missile and they failed in the previous four attempts. they succeeded in this. it's not a rocket that can deliver a major warhead. there are marriajor hurdles to >> they have done in north korea where a lot of people are starving what south korea has b
ask you about some other stuff. japan rising. europe stocks doing very well. china stocks having a bit of a comeback year. in other words, as a global guide, there are options to playing this fiscal cliff game here in new york. >> absolutely. you don't have to just trade the s&p 500. i mean, look at tonight, you're seeing australia up a third of a point. the japanese yen is doing very well. look at hong kong. if you want to take what the federal reserve did and apply it internationally, look at hong kong. their monetary policy is pegged to what the federal reserve does. but they have an inflation issue and their economy is tied to china. so if you buy something like ewh, the hong kong etf, all those stocks are priced in hong kong dollars. if the hong kong dollar is repegged, the ewh will go up as much as the repegging. >> what does that mean for the u.s. market? where are you on the u.s. market right now? >> you know, i think right now, probably to the end of year, if we can get some kind of movement on this fiscal cliff, you have a real potential for a pop, 3%, 4%, 5%. unfortunately,
rate in china, and in a few years it will surpass the u.s. what it means, coming up. >>> dozens of homes damaged in the south, ripping off roofs and damaging trees. more to come. stamp watch, straight ahead. >>> lots to talk about this morning. the next two hours, we'll talk with steve israel. jeff sessions, sandy levin, rahm emanuel and businessman javier paolomarez, ed burns, frankie monday easy, and chuck leavell. "starting point" begins right now. welcome, everybody. "starting point" this morning, angry, united. bracing for protests in michigan as the state is poised to become the most unionized right to work state. as many as 10,000 unionized workers expected at the state capitol to voice their disapproval of the measure. some of them teachers, two detroit area school districts shut down for the day as hundreds of teachers plan to join the protest. president obama brought it up during a trip to a daimler truck factory in redford, michigan. this is what he said. >> this so-called right to work law, they don't have to do with economics, everything to do with politics. what th
in germany or alabama. want them in lexington, kentucky or china? >> you mentioned germany. volkswagen opened a plant in chattanooga a few months ago, 2,000 new jobs. bob corcoran was down there. 2,000 jobs, every one of which started at $14.50 an hour. >> right. they're not all going to be at -- >> so volkswagen was moving these jobs here because we're the low wage country compared to germany. >> dude, are you suggesting we push these jobs away? >> i'm not. >> i would rather americans have a shot at a $17 an hour job than having it in china. >> i agree. >> find a way to do better. i actually agree with you. but you have to understand the consequences are pretty severe for american lifestyles. >> again, though, i'm sorry, mike, but the consequences are, we have two choices, we can't get 1965 wages, we either have these jobs in china or lexington, either have them in alabama or germany and this is at least for some of -- a chance for younger americans to get some good jobs. >> joe, if you're taking a job that pays $14.50 an hour. it means one of two things, a, you don't have a job so you're ge
. >>> good morning, terrell. a new report showing growth in china's manufacturing sector lifted most asian stocks. hong kong's hang seng gained more than half a percent. tock owe's nikkei shed a fraction. concerned about washington's fiscal talks pushed wall street stocks lower. the dow finished down 74 points on thursday. the nasdaq lost 21 points. >>> swiss bank ubs is said to be in talks to pay a $1 billion fine to settle allegations of rigging a key interest rate benchmark. ubs is accused of manipulating the libor to boost trading profits. the rate affects trillions of dollars and loans including mortgage rates. barclays paid a $450 million fine to settle similar allegations last june. >>> consumers are spending more, but the results are mixed for retailers. the commerce department said on thursday that retail sales increased 0.3 in the month of november from the month before. the increase is due in part to hurricane rebuilding in the northeast. the report says online shopping surged, but department store sales declined. >>> in new york, raising your arm in the middle of the street and
's longest high speed rail line is up and running and it's in, where else, china. the 1428 mile line spans more than half the country linking the capital of beijing to the southern chinese bloom city. trains will run at 186 miles per hour. >>> and civil rights icon nelson mandela has been discharged from a south africa hospital. 94-year-old former president will continue treatment at his home. he was hospitalized with a lung infection on december 8th. one week later, he had surgery to remove gallstones. i'm sure everyone's pleased to hear that he's doing well. >> thanks so much for that, lisa. >>> in the wake of the connecticut school shooting, the nr after the wants to put armed volunteers in every american school. the proposal facing heavy criticism. the man in charge is here to defend it. plus how the host of nbc's "meet the press" may have broken washington, d.c. gun laws. it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road
of lives, syria's only friends in the world have been naturally iran and china but also their best friends, russia. russia. and that was true until today. russia today did not formally declare that they're no longer going to support the syrian government against the rebels, but for the first time a high-ranking russian official said publicly that yeah, it looks like assad is going to lose this war. i mean, the united states has been saying that forever. nato has been saying that forever. everybody who wants assad to go has been saying that forever. you try to create an air of inevitability about the thing you want to happen. right? that makes sense. but now for the other side to be saying it, for syria's best friend to be saying yeah, syria, you're going to lose this, it's going to happen, that is a huge, huge deal. it is sometimes hard to follow the day-to-day news out of this war, to know what is an important day and what is just another awful day. but this is a really important moment. because syria was sort of down to their last friend in the world. and if they are now down to not even
of obesity compared to children born vaginally. researchers in china looked at previous studies on obesity and thousands of births and say that health risks must be taken seriously. previous studies linked c-section births to allergies and diabetes later in life. we found one guy on our staff delivered c-section and is one of the fittest guys on our staff. >> he weighed ten pounds at the time. big baby. >> he's buff. not overweight. >>> in other news, marriage is good for people. gay and straight in fact. that's the finding of a new study. it shows same-sex couples married enjoy the same psychological benefits as heterosexual couples. more from abc senior medical contributor. >> reporter: as same-sex couples wait to hear what the supreme court says about their marrying, a study in the american journal of public health has already offered an opinion. the study looked at data from the 2009 california health interview survey, which included 47,000 participants, both men and women, ages 18 to 70, and both homosexuals and heterosexuals. the authors say married gay, lesbian and bisexual people h
that manufacturing is picking up in china. gains are expected to be modest, though as the fiscal cliff issue remains unresolved. >>> the u.s. is showing its support for turkey in the face of potential threats from syria. the u.s. milltory will deploy 400 troops to turkey in the coming weeks. the patriot the missile system would be used only for defense. >>> president obama is speaking out about marriage marriage for the first time since colorado and washington state legalized it. he told abc's barbara walters he discourages drug use and regrets doing it as a kid but says it's not a top priority for the feds to prosecute recreational users in states that have legalized the substance. >>> we're awaiting word on the next round of fiscal cliff negotiations. president obama and house speaker john boehner metaphor just under an hour at the white house late yesterday afternoon. still no deal. aides for both men describe the session as frank and say the lines of communication will stay open. the law of the land, that's how house speaker john boehner described the affordable care act, it overhauled the natio
use common sense. we do hope she's okay. >>> also, the iphone 5 now officially on sale in china. but today's launch, nothing like this one in january. riots breaking out when the 4s was released. apple, hoping today's launch could single-handedly stop its recent stock slide. >>> and, finally, it's not your average bottle of beer. this is your chance to buy what is considered the world's very best beer. it is called westvleteren. >> that was good. >> i'm not a trapist monk in belgium. the beer being sold in the u.s. for the first and possibly only time. good luck finding it. and if you've got a cool $85, it will buy you a six-pack. >> wow. >> maybe if you drink it, you can say it really well, too. >> seriously. maybe they named it after they sampled it. >>> a lot of news to get to. we have that dramatic withdrawal late thursday. u.n. ambassador susan rice takes herself out of the running to replace hillary clinton as secretary of state. abc's jake tapper is tracking the latest from the white house. good morning, jake. >> reporter: good morning, george. white house officials say t
into intensifying nationalism. there could be military clashes any day between china and japan of violence. the whole region is becoming more tense. after we leave afghanistan, i think the problems in the region will slide northward to central asia. that will involve in different ways china, russia and india. we have a crisis on our hands in syria. we have pressures to go to war against iran. these are the kind of issues that really need attentive leadership from the secretary of state that is intensely interested in them and has the kind of experience and global background that is needed for that kind of job. >> i just want to add to the list the recent north korea missile test, rocket test, aka, a missile test, and the close collaboration between north korea and iran. iran is pretty advanced on miniaturizing nuclear warheads. and north korea is very advanced on missiles. and if that collaboration continues, we may have a very serious confrontation. >> and so there's no island of stability out there in this from north korea all the way into africa. and a lot of the intel people say that t
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Search Results 0 to 15 of about 16 (some duplicates have been removed)